FED:AAco to sell Brighton Downs station in Qld

Australian Agricultural Company (AAco) says it will sell the Brighton Downs station in Queensland as part of the company's strategic reorganisation of land holdings.

The 420,000 hectare station is mainly used for grass feeding cattle and accounts for about 5.5 per cent of AAco's total land holdings.

"The ongoing reorganisation of land holdings aims to ensure AAco's property holdings reflect its revised business model and business focus, and align with AAco's seasonal cattle flows," the company said in a statement on Tuesday.

"AAco has recently extended its cattle carrying capacity by entering into long term agistment arrangements in the Northern Territory and areas adjacent to South Galway station in Queensland.

"This has reduced AAco's reliance on the Brighton Downs station."

The station is situated on the channels of the Diamantina River near Winton and will be sold via auction in Brisbane on December 8 with Elders acting as selling agent.

Shares in AAco were up three cents, or two per cent, at $1.53 on Tuesday.